How does Orlando hotel seasonality affect investment underwriting?
Orlando hotel seasonality is often misunderstood. Annual occupancy averages (often 70–75%) conceal wide monthly ranges. July on I-Drive can run 88–92% occupancy with ADR 15–20% above annual avg. September runs 55–62% with ADR 10–15% below avg. A hotel with a September DSCR below 1.0× doesn't equal failure; it means summer quarters must compensate. The correct underwriting approach is quarter-by-quarter DSCR analysis, not annual averages, which is what the Hotel NOI Seasonality Calculator above models explicitly.